CIFR

Cipher Mining Inc.

There isn't enough reported data to score CIFR yet.

FSBC

Five Star Bancorp

58
Fundamentals71/ 100
Valuation43/ 100
Upside potential64/ 100
Risk potential12/ 100

FSBC's fundamentals are strong: revenue grew 26% and earnings per share grew 32%. At 13x earnings, it's trading in line with its usual 12x. Analysts expect earnings growth.

CIFR Fundamentals

MetricStatus
Weak
Weak
N/A
N/A

CIFR's revenue and profitability are currently weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like CIFR.

FSBC Fundamentals

MetricStatus
Healthy
Strong
N/A
N/A

FSBC's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like FSBC.

CIFR PE Valuation

CIFR has no meaningful PE right now: it lost money over the past year.

FSBC PE Valuation

CHEAPFAIREXPENSIVE4.0x8.1x12x16x
CHEAPFAIREXPENSIVE4.0x8.1x12x16x
LevelPEPriceVs current
Cheap8.1x$28.53-36%
Fair12x$40.74-8%
Forward12x$44.30—
Current13x$44.30—
Expensive14x$47.69+7.7%

Historical ranges are pointers, not guarantees.

FSBC's PE is in its fair range at 13x. On analysts' estimates for next year's earnings, today's price would be 12x.

CIFR Forward outlook

MetricOutlook
--
Losses shrinking
Strong growth
Strongly improving
Limited
Low

CIFR has the edge over FSBC on the outlook, with more favorable profitability expectations.

FSBC Forward outlook

MetricOutlook
Stable
Growth
Growth
Strongly weakening
Limited
Moderate

Analysts expect earnings and revenue growth for FSBC, but weaker profitability.

CIFR Risk to reward

ScenarioChangePrice
UpsideUnknown—
DownsideUnknown—

Calculated from the latest close: $7.15 on Nov 12.

There is not enough scenario data to compare CIFR and FSBC's risk to reward.

FSBC Risk to reward

ScenarioChangePrice
Upside+22%$53.83
Downside-12%$38.93

Calculated from the latest close: $44.30 on Nov 12.

There is not enough scenario data to compare CIFR and FSBC's risk to reward.

CIFR Earnings Per Share

Q4 2023: $-0.10Q1 2024: $0.06Q2 2024: $0.06Q3 2024: $-0.13Q4 2024: $-0.14Q1 2025: $-0.38Q2 2025: $-0.45Q3 2025: $-0.20Q4 2025: $-2.15Q1 2026: $-2.32Q2 2026: $-2.85Q3 2026: $-3.06
Q4 2023: $-0.10Q1 2024: $0.06Q2 2024: $0.06Q3 2024: $-0.13Q4 2024: $-0.14Q1 2025: $-0.38Q2 2025: $-0.45Q3 2025: $-0.20Q4 2025: $-2.15Q1 2026: $-2.32Q2 2026: $-2.85Q3 2026: $-3.06
QuarterTTM EPSYoY
Q3 2026-$3.06-$2.86
Q2 2026-$2.85-$2.40
Q1 2026-$2.32-$1.94
Q4 2025-$2.15-$2.01
Q3 2025-$0.20-$0.07
Q2 2025-$0.45-850%
Q1 2025-$0.38-733%
Q4 2024-$0.14-$0.04

CIFR lost $3.06 per share over the past year, and its loss has widened in each of the last four quarters.

FSBC Earnings Per Share

Q4 2023: $2.78Q1 2024: $2.63Q2 2024: $2.40Q3 2024: $2.28Q4 2024: $2.26Q1 2025: $2.26Q2 2025: $2.43Q3 2025: $2.68Q4 2025: $2.90Q1 2026: $3.15Q2 2026: $3.38Q3 2026: $3.53Forward: $3.61
Q4 2023: $2.78Q1 2024: $2.63Q2 2024: $2.40Q3 2024: $2.28Q4 2024: $2.26Q1 2025: $2.26Q2 2025: $2.43Q3 2025: $2.68Q4 2025: $2.90Q1 2026: $3.15Q2 2026: $3.38Q3 2026: $3.53Forward: $3.61
QuarterTTM EPSYoY
Forward$3.61+2.4%
Q3 2026$3.53+32%
Q2 2026$3.38+39%
Q1 2026$3.15+39%
Q4 2025$2.90+28%
Q3 2025$2.68+18%
Q2 2025$2.43+1.3%
Q1 2025$2.26-14%
Q4 2024$2.26-19%

FSBC has the edge over CIFR on earnings quality, reporting a profit while its opponent remains loss making.

CIFR Quarterly Revenue

Q4 2023: $43MQ1 2024: $48MQ2 2024: $37MQ3 2024: $24MQ4 2024: $42MQ1 2025: $49MQ2 2025: $44MQ3 2025: $72MQ4 2025: $60MQ1 2026: $35MQ2 2026: $25MQ3 2026: $27M
Q4 2023: $43MQ1 2024: $48MQ2 2024: $37MQ3 2024: $24MQ4 2024: $42MQ1 2025: $49MQ2 2025: $44MQ3 2025: $72MQ4 2025: $60MQ1 2026: $35MQ2 2026: $25MQ3 2026: $27M
QuarterRevenueYoY
Q3 2026$26.7M-63%
Q2 2026$24.8M-43%
Q1 2026$34.8M-29%
Q4 2025$59.7M+41%
Q3 2025$71.7M+198%
Q2 2025$43.6M+18%
Q1 2025$49M+1.7%
Q4 2024$42.2M-2.8%

CIFR's revenue has slid since its 2025 peak: $27M last quarter, down 63% from the same quarter a year ago.

FSBC Quarterly Revenue

Q4 2023: $29MQ1 2024: $29MQ2 2024: $31MQ3 2024: $32MQ4 2024: $35MQ1 2025: $35MQ2 2025: $38MQ3 2025: $41MQ4 2025: $43MQ1 2026: $45MQ2 2026: $48MQ3 2026: $53M
Q4 2023: $29MQ1 2024: $29MQ2 2024: $31MQ3 2024: $32MQ4 2024: $35MQ1 2025: $35MQ2 2025: $38MQ3 2025: $41MQ4 2025: $43MQ1 2026: $45MQ2 2026: $48MQ3 2026: $53M
QuarterRevenueYoY
Q3 2026$52.6M+27%
Q2 2026$48M+25%
Q1 2026$45.1M+28%
Q4 2025$43.5M+24%
Q3 2025$41.3M+30%
Q2 2025$38.3M+25%
Q1 2025$35.3M+24%
Q4 2024$35.2M+23%

FSBC has the edge over CIFR on sales, with more consistent year-over-year improvement.

CIFR Free Cash Flow

Q4 2023: −$114MQ1 2024: −$35MQ2 2024: −$33MQ3 2024: −$83MQ4 2024: −$76MQ1 2025: −$72MQ2 2025: −$88MQ3 2025: −$256MQ4 2025: −$280MQ1 2026: −$462MQ2 2026: −$654MQ3 2026: −$1.7B
Q4 2023: −$114MQ1 2024: −$35MQ2 2024: −$33MQ3 2024: −$83MQ4 2024: −$76MQ1 2025: −$72MQ2 2025: −$88MQ3 2025: −$256MQ4 2025: −$280MQ1 2026: −$462MQ2 2026: −$654MQ3 2026: −$1.7B
QuarterFree cash flowYoY
Q3 2026-$1.7B-$1.4B
Q2 2026-$653.8M-$566.3M
Q1 2026-$462.5M-$390.7M
Q4 2025-$280.3M-$204.2M
Q3 2025-$256.2M-$173.1M
Q2 2025-$87.5M-$54.3M
Q1 2025-$71.8M-$37.3M
Q4 2024-$76.1M+$38M

CIFR's free cash flow was −$3.1B over the past year, against −$492M the year before. Free cash flow isn't a meaningful measure for financial services companies like CIFR.

FSBC Free Cash Flow

Q4 2023: −$2MQ1 2024: $139,000Q2 2024: $16MQ3 2024: $17MQ4 2024: $18MQ1 2025: $15MQ2 2025: $18MQ3 2025: $19MQ4 2025: $20MQ1 2026: $19MQ2 2026: $23MQ3 2026: $26M
Q4 2023: −$2MQ1 2024: $139,000Q2 2024: $16MQ3 2024: $17MQ4 2024: $18MQ1 2025: $15MQ2 2025: $18MQ3 2025: $19MQ4 2025: $20MQ1 2026: $19MQ2 2026: $23MQ3 2026: $26M
QuarterFree cash flowYoY
Q3 2026$26.1M+41%
Q2 2026$23.2M+32%
Q1 2026$18.8M+22%
Q4 2025$19.9M+11%
Q3 2025$18.6M+7.3%
Q2 2025$17.5M+11%
Q1 2025$15.4M+10959%
Q4 2024$17.9M+$19.7M

FSBC has the edge over CIFR on cash generation, producing positive trailing cash flow while its opponent burns cash.

CIFR Total Shares

Q4 2023: 252MQ1 2024: 304MQ2 2024: 314MQ3 2024: 333MQ4 2024: 323MQ1 2025: 361MQ2 2025: 375MQ3 2025: 393MQ4 2025: 382MQ1 2026: 405MQ2 2026: 409MQ3 2026: 440M
Q4 2023: 252MQ1 2024: 304MQ2 2024: 314MQ3 2024: 333MQ4 2024: 323MQ1 2025: 361MQ2 2025: 375MQ3 2025: 393MQ4 2025: 382MQ1 2026: 405MQ2 2026: 409MQ3 2026: 440M
PeriodChange %Net change
Quarterly+7.4%+30.3M shares
1 year+12%+46.5M shares
3 years+75%+188M shares
5 years+102%+222M shares

CIFR has 440M diluted shares, up 12% from a year ago, despite $151M in buybacks over the past year.

FSBC Total Shares

Q4 2023: 17MQ1 2024: 17MQ2 2024: 21MQ3 2024: 21MQ4 2024: 20MQ1 2025: 21MQ2 2025: 21MQ3 2025: 21MQ4 2025: 21MQ1 2026: 21MQ2 2026: 21MQ3 2026: 24M
Q4 2023: 17MQ1 2024: 17MQ2 2024: 21MQ3 2024: 21MQ4 2024: 20MQ1 2025: 21MQ2 2025: 21MQ3 2025: 21MQ4 2025: 21MQ1 2026: 21MQ2 2026: 21MQ3 2026: 24M
PeriodChange %Net change
Quarterly+11%+2.4M shares
1 year+11%+2.4M shares
3 years+38%+6.5M shares
5 years+38%+6.6M shares

FSBC has the edge over CIFR on shareholder dilution, with a more favorable share count trend.

CIFR Net Leverage

Q4 2023: -2.2xQ1 2024: -0.9xQ2 2024: -1.2xQ3 2024: -0.7xQ4 2024: 0.5xQ1 2025: 125.4xQ3 2025: -2.3x
Q4 2023: -2.2xQ1 2024: -0.9xQ2 2024: -1.2xQ3 2024: -0.7xQ4 2024: 0.5xQ1 2025: 125.4xQ3 2025: -2.3x
QuarterNet LeverageStatus
Q3 2025-2.3xNet Cash
Q1 2025125.4xHigh
Q4 20240.5xVery low
Q3 2024-0.7xNet Cash
Q2 2024-1.2xNet Cash
Q1 2024-0.9xNet Cash
Q4 2023-2.2xNet Cash
Q2 2023-0.1xNet Cash

CIFR has the edge over FSBC on leverage, with a lower net debt burden relative to earnings.

FSBC Net Leverage

Q4 2023: 3.2xQ1 2024: 2.5xQ2 2024: 0.7xQ3 2024: 0.5xQ4 2024: 0.6xQ1 2025: 0.5xQ2 2025: 0.3x
Q4 2023: 3.2xQ1 2024: 2.5xQ2 2024: 0.7xQ3 2024: 0.5xQ4 2024: 0.6xQ1 2025: 0.5xQ2 2025: 0.3x
QuarterNet LeverageStatus
Q2 20250.3xVery low
Q1 20250.5xVery low
Q4 20240.6xVery low
Q3 20240.5xVery low
Q2 20240.7xVery low
Q1 20242.5xModerate
Q4 20233.2xElevated
Q3 20231.9xHealthy

FSBC's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like FSBC.

CIFR Weekly Momentum

MetricValueStatus
RSI34.4Neutral
Stochastic7.8Oversold

CIFR's weekly RSI is 34 (neutral) and its Stochastic is 8 (oversold).

FSBC Weekly Momentum

MetricValueStatus
RSI51.6Neutral
Stochastic42.9Neutral

FSBC's weekly RSI is 52 (neutral) and its Stochastic is 43 (neutral).

CIFR PE vs Financial Services Sector

MetricCIFRSector medianRelative
PEN/A13x—

CIFR has no meaningful PE right now: it lost money over the past year.

FSBC PE vs Financial Services Sector

MetricFSBCSector medianRelative
PE13x13x3.6% below
PE %62653 pts below

FSBC is trading at 13x earnings, in line with the Financial Services sector's median of 13x.

CIFR Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$10.633% below
20 week MA$15.554% below
50 week MA$17.058% below
100 week MA$12.241% below
200 week MA$7.869% below

CIFR is in a downtrend: it's below all five of its weekly moving averages, and 9% below its 200-week average.

FSBC Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$43.81.1% above
20 week MA$45.62.8% below
50 week MA$42.15.3% above
100 week MA$36.223% above
200 week MA$30.346% above

FSBC has the edge over CIFR on trend strength, trading above more of its moving averages.

CIFR Yearly ROI

YearStart priceEnd priceROI
2020$9.92$9.95+0.3%
2021$9.95$5.21-48%
2022$5.21$0.54-90%
2023$0.54$4.13+665%
2024$4.13$4.86+18%
2025$4.86$15.2+213%
2026 YTD$15.2$7.15-53%

CIFR's yearly returns have swung widely, from +665% in 2023 to −90% in 2022. It's down 53% so far in 2026.

FSBC Yearly ROI

YearStart priceEnd priceROI
2021$24.9$29.0+16%
2022$29.0$27.4-5.5%
2023$27.4$26.2-4.5%
2024$26.2$30.2+15%
2025$30.2$36.5+21%
2026 YTD$36.5$44.3+21%

FSBC has the edge over CIFR on returns for 2026, with the stronger performance.

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